Hyundai Motor mentioned on Monday its month-to-month gross sales for January dropped 2.3 per cent from a 12 months earlier attributable to a diminished variety of enterprise days.
The automaker offered 310,399 automobiles final month, down from 317,823 models the identical month final 12 months, the corporate mentioned in a press launch.
Home gross sales fell 7.5 per cent on-year to 46,054 models, whereas abroad gross sales shed 1.4 per cent to 264,345 models.
Hyundai Motor attributed the discount in gross sales to the diminished enterprise days from final month’s prolonged Lunar New Yr vacation, reviews Yonhap information company.
At residence, the bestselling mannequin was the Grandeur sedan, promoting 5,711 models. The Sante Fe was the preferred sport utility car (SUV) domestically, promoting 4,819 models.
The automaker mentioned it plans to reply to the anticipated international enterprise uncertainties by partaking in proactive threat administration, and strengthening its gross sales and manufacturing methods.
Kia, South Korea’s second-largest automaker, mentioned on Monday its month-to-month gross sales for January fell 2.4 per cent as a result of diminished variety of working days amid the Lunar New Yr vacation.
Kia, an affiliate of native trade chief Hyundai Motor Co., offered 239,571 automobiles final month, down from 245,586 models a 12 months in the past, the corporate mentioned in a press launch.
Home gross sales fell 13.9 per cent on-year to 38,403 models, whereas abroad gross sales gained 0.1 p.c to 200,993 models.
Kia mentioned its home gross sales declined as a result of fewer enterprise days attributable to the prolonged Lunar New Yr vacation.
“Home gross sales briefly declined in January attributable to fewer enterprise days throughout the Lunar New Yr vacation, however gross sales progress in abroad markets has continued,” an organization official mentioned.
The corporate mentioned it plans to broaden its lineup with varied new fashions to maintain its international gross sales progress.
By car mannequin, the Sportage sport utility car (SUV) was the bestselling mannequin in each home and abroad markets final month, with 43,473 models offered. It was adopted by the Seltos with 22,198 models and the Sorento with 21,421 models.
